GCL Global (NASDAQ:GCL) Stock Price Up 2.7% – What’s Next?

GCL Global Holdings Ltd. (NASDAQ:GCL) shot up 2.7% on Thursday . The stock traded as high as $0.5198 and last traded at $0.4880. 128,900 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 103,247 shares. The stock had previously closed at $0.4750.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

GCL Global Price Performance

The firm has a market capitalization of $111.46 million, a PE ratio of -21.59 and a beta of 0.36. The company has a fifty day moving average of $0.46 and a 200-day moving average of $0.61.

GCL Global (NASDAQ:GCL) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $70.10 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new stake in shares of GCL Global in the 3rd quarter valued at $42,000. XTX Topco Ltd boosted its stake in GCL Global by 361.2% in the fourth quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock valued at $52,000 after acquiring an additional 38,127 shares during the last quarter. Geode Capital Management LLC bought a new position in GCL Global during the second quarter worth about $54,000. Finally, Citadel Advisors LLC raised its holdings in GCL Global by 54.4% in the third quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after purchasing an additional 19,699 shares during the period. Institutional investors and hedge funds own 36.55% of the company’s stock.

GCL Global Company Profile

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.